Why This Apple Analyst Is Downgrading The Stock As It Hits All-Time Highs
Portfolio Pulse from Chris Katje
UBS analyst David Vogt downgrades Apple Inc (NASDAQ:AAPL) from Buy to Neutral and raises the price target from $180 to $190, citing unfavorable risk/reward, soft demand trends, and sales decline in core markets. Vogt does not expect autonomous vehicles or the Vision Pro headset to be material for Apple in the short term.
June 13, 2023 | 2:06 pm
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UBS analyst David Vogt downgrades Apple from Buy to Neutral, raises price target from $180 to $190, citing soft demand trends and sales decline in core markets.
The downgrade from Buy to Neutral by UBS analyst David Vogt is based on unfavorable risk/reward, soft demand trends, and sales decline in core markets. This negative outlook on Apple's growth and demand could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100